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“# Pro-crypto senator Cynthia Lummis discloses up-to-$100K BTC purchase ” United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday. The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which…
“# US Senator Warren introduces bill to study crypto’s role in ransomware ” As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Congresswoman Deborah Ross, would require victims of ransomware…
“# Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3 ” This week, United States lawmakers and regulators have stolen much of the spotlight once more. The cryptocurrency-related provisions of the infrastructure bill, a tiny grain of sand in the grand scheme of the omnibus legislation, had all laser eyes glued to the fateful…
“#Bernie Sanders predicts Biden’s spending bills will pass” Sen. Bernie Sanders defended the squabbling between progressive and moderate Democrats that threatens to torpedo President Biden’s legislative agenda and predicted the two spending bills worth trillions of dollars will move forward together. “This is a long and complicated process, which is dealing with the most consequential…
“#DCCC drops cash on foreign travel, private planes — and $70K in flowers” The Democratic Congressional Campaign Committee has dropped hundreds of thousands of dollars on office furniture, private flights, foreign travel — and $70,000 worth of flowers, a review of Federal Election Commission documents show. In July the committee reported more than $3,000 in…
“# The infrastructure bill is hanging in the balance. What would its enactment mean for crypto? ” Later today, the United States House of Representatives is expected to vote on the bipartisan Infrastructure Investment and Jobs Act of 2021, a bill authorizing sweeping investments in domains such as passenger rail, bridge repair, clean and wastewater…
“#Facebook says Instagram makes teens feel good about themselves” Facebook released another defense of its subsidiary Instagram Sunday, insisting that the popular photo-sharing app makes teen girls feel better about themselves. The company’s rebuttal comes after a damning investigation found that Facebook knew of the platform’s toxic impact on young people — and failed to…
“#Manchin, Sinema and The Squad might just stop the $3.5T monstrosity” Can Joe Manchin and Kyrsten Sinema save America from ruin? All of Washington is watching as Monday’s deadline approaches for a House showdown over the bipartisan infrastructure bill passed by the Senate. Moderate and progressive Democrats are each trying to call the other’s bluff. The…
“#House passes short-term spending bill that increases debt limit” The House passed a short-term government funding bill that includes a debt limit increase along party lines on Tuesday, teeing up a fight in the Senate as Republicans assert they will not support a continuing resolution that raises the federal government’s borrowing limit. The bill —…
“# Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20 ” Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these…